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The reinsurance pool signals a 6.92 percent increase in the rate on line for its 2019 cover.
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The forecast compares with Raymond James' estimate of rate increases of up to 15 percent on loss-affected business.
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A December hailstorm in New South Wales was the costliest event.
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The Western Australian town of Karratha lies in the path of the storm, which skimmed the coast at the same speed as a Category 2 hurricane.
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High-single-digit to low-double-digit advance driven by big increases on wind and flat quake renewals.
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Flooding continues to hit Midwest states hard.
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Flandro said this new world will see ILS continuing to expand into new perils.
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Florida: Pay as you go cat reserves
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The state-backed insurer is looking to refine its reinsurance programme but overall demand remains subdued after it has depopulated its portfolio.
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Second estimate within a single percentage point of first evaluation
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The National Flood Insurance Program has a total of $1.7bn of exposure in the state.
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That figure represents claims reported through 15 March.